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Search Results 0 to 49 of about 123 (some duplicates have been removed)
CNBC
Nov 7, 2012 7:00pm EST
on in the show, california's prop 30 passes to raise taxes on the wealthy. really? do they never learn that this will only backfire? former san francisco mayor willie brown is up next. i just want to know why we have to kill the california economy. because free market capitalism is always the best path to prosperity. i'm larry kudlow. we'll be right back. i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 9 out of 10 large, professional investors choose ishares for their etfs. introducing the ishares core, etfs for the heart of your portfolio. tax efficient and low cost building blocks to help you keep mo
CNBC
Nov 12, 2012 7:00pm EST
, president of the california business roundtable. hello to both you. ian a you heard mr. hofmeister knows a thing or two about this. we can knock the saudis off and change world politics and changes our balance of trade. will the epa block it, diana? >> well, i don't know but maybe we should listen to what president obama was saying last year. he was brag being the oil and gas development we have in the united states. we got to remind him about that when the new epa regulations come out. so we -- we want to make sure he doesn't bring out those old ozone regulations that he shell of ad couple of years ago because he said they would damage the economy. our economy is growing slower now than it was then. we are really regulating to disaster. >> epa in 2010, diana? $23 billion of regulatory costs for the year 2010. >> that's what epa says. it is really probably a lot more than that. i mean, thee regulations, the mercury, the car ever carbon, ozone, each cost $100 billion each. >> all right. >> they don't have to justify them with benefits because it is maximum achievable control technology. i
CNBC
Nov 27, 2012 7:00pm EST
't do it. anyway, tyson, thank you. dan mitchell, thank you. now let's talk about california with crashing production and a 13% top state income tax rate. no kidding. no surprise. companies are fleeing the state. but where will they end up? we are about to show you. those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an
CNBC
Nov 7, 2012 12:00am EST
to medical marijn. taxation issues in california, two big tax issues. >> in many, many years. she was behind this. proposition 38. if if you only made $7,000 a year, she wanted your taxes to go up for 12 years to pay for educatio education. we are still waiting to get a more definitive answer there. guys back to you. >> and more on the tax issues in california. >> maria, this has been a huge issue here, because governor brown has said that if his tax hike didn't pass it would mean $6 billion in cuts to education that will happen almost immediately. we will have to see if he makes good on the threats. he says he has nowhere else to cut. if it does pass, it will make california's highest tax rate the highest in the land. millionaires will have to pay 13.3% state income taxes. it would raise the sales tax and raise anywhere from $35 billion to $50 billion over $100 million in lobbying on both sides went into this proposition. at the moment the state says with 17% of the precincts reporting it is trailing. we still have a long night ahead. >> basically part of the security detail just came along
CNBC
Nov 19, 2012 3:00pm EST
jobs. a blue state, california, a lot of federal jobs. california is a state with high unemployment rate, over 10%. you can see there, virginia as well. texas with a lower rate. anyway, what this would be would be a federal spending hit on top of what's already going on in those counties and in those states, bill. what you hear from the pew center is that these states right now are not in very good shape right now to take additional federal cuts, given what's going on with their economics right now, bill. >> steve, do i understand when i look at california and texas in the red there, and i look at the numbers -- >> and virginia. >> and virginia. 10% to 13% of the work force is federal? >> of all federal jobs, yes. >> 10% of all federal jobs are in california but not all 10% of jobs in california -- >> no, all jobs in california are material jobs. >> 10% of jobs in california are federal. >> holy smokes! >> that's a big number. that could also be military. >> no wonder. >> stay there, steve. good stuff. let's talk about the cliff-hanger's impact on corporate spending. it is the lead
CNBC
Nov 6, 2012 11:00pm EST
some results. >> we sure do. the first is california. we can tell you nbc news is projecting california to go to president obama. 55 electoral votes in california. this is obviously a huge one. no surprise that the president wins california. also, right now, we can tell you that hawaii is also going to obama. nbc news projecting the president to win hawaii as well, another four electoral votes. listen to the crowds, carl. >> yep. >> another winning -- another winner on a close call in idaho. idaho is going to governor romney. governor romney wins idaho with four electoral votes. nbc news projecting mitt romney the winner there. >> couple of big states out of the pacific northwest as we continue to hear the crowds at democracy plaza. the state of oregon, too early to call. although nbc news is saying that the president, barack obama, does lead in the state of oregon. and washington state. nbc news projects that barack obama will take the state of washington. there are some cheers in democracy plaza. we'll go back to there as the map fills in as the night goes on. >> not really clear who
CNBC
Nov 27, 2012 5:00pm EST
are no fun. >>> up next we find out john crier is darth vader. california's best friend, arizona has turned on her. you may have heard the phoenix area has offered trips to check out the lower taxes but it pains our friend to do so. >> arizona was built by californians. this is a huge strategy for us at the greater peats economic council buzz it is more aggressive in nature. but we think the situation california is going to get drastic and dramatic. we are concerned that our own economic position is going to erode. >> that is because of higher taxes here. dozens of ceos have signed up. a gimmick? a member of the young president's organization has anclusive partnership with cnbc. >> if we continue to tax folks to the point of where they are going to give consideration to leaving the state are you really raising any revenue or are you creating a bigger burden to raise future revenues because a lot is left. >> will not be doing any hiring in california and may expand out of state. which is worst? california or new jersey? >> in terms of what? >> all of this is a fine line in terms of taxation
CNBC
Nov 15, 2012 5:00pm EST
. taxes here going up. unemployment kind of coming down. how do you solve a problem like california? we talk about it next when we come back. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. you walk into a conventional mattress store, it's really not about you. we have so much technology in our store to really show the customers what's going on with their bodies. you can see a little more pressure in the shoulders and in the hips. ... now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your individual shape. oh, wow. that feels really good. at sleep number we've created a collection of innovations dedicated to individualizing your comfort. the sl
CNBC
Nov 21, 2012 1:00pm EST
their jobs. the fact this they see job growth happening. certainly here in california we've had job growth. so i think in our world in southern california we're going to be in pretty good shape. but uncertainty is never good. i don't think there should be an option. >> mr. caruso, yesterday craig barrett, former ceo of intel, described california where you live and do a lot of business as america's version of greece because of the level of public expenditure and so forth. do you see it that way? >> no, i don't see it that way. listen, california has its issues. locally we have our issues. there are income issues, there are increased taxes that i wouldn't necessarily want to have happen in the state, which did happen. but we have to address those. i think we've got positive momentum. i know we have positive momentum. so are we perfect? no. but california is growing at a much faster pace and a better pace than most of the united states. so i don't equate it to greece at all. >> mr. caruso, thank you for being with us and a happy thanksgiving to you. >> thanks you. >>> he's a billionaire, rig
CNBC
Nov 26, 2012 6:00pm EST
the ross dress for less stores are in 33 states. although they're mostly concentrated in california and the southern parts of the country. while dee dee's discount is just in eight states. company's goal is to ultimately add another 1,000 ross dress for less locations and 500 more dee dee dee's discounts. ross has plenty of room to expand. second, the company has a terrific business model. you know what they do? they buy unsold merchandise from regular retailers like department stores at deep discounts. when the companies are anxious to unload excess inventory at the end of the season, ross will pack the stuff away, store it for nine months and put it on the floor when it's relevant again. the backaway strategy as they call it allows the company very opportunistic about buying merchandise from stores that bought too much away from them. thanks to manufacturer overruns, chanc chan canceled orders, and the merchandise in the stores for hurricane sandy that didn't sell, that left retailers with much too much inventory in the northeast and it's dated inventory. third, ross stores is a b
CNBC
Nov 27, 2012 1:00pm EST
it is the first pure electric car from general motors since the ev one. it goes on sale in california and oregon only, middle of next year. gm expects the press point to be somewhere around 25,000. the all-important question, what is the range going to be, how far will it go fully charged? gm is not saying at this point, only it will be competitive with other electric cars. speaking of other electric cars this market is struggling now look at auto sales through september of this year. 73%, almost 8 million vehicles in the u.s., are gasoline powered. still a predominant source of power train in this country. hybrids, 279%, 300,000. as for pure electric, just 8,289 pure electric cars sold in the u.s. right now. take a look at shares of general motors in the last year. if you were a gm investor in the last year, up 24%. a lot of people talk about gm ought to learn what they are doing at tesla, tesla leading the way with electric cars. gm versus tesla, no comparison, gm up 24%, tesla up just 1.4%. as i said at the beginning of this report, you will see more electric vehicles coming from general moto
CNBC
Nov 22, 2012 5:00pm EST
was buying this paper oil? >> california pension fund, harvard endowment, lots of large institutional investors. and, by the way, other investors, hedge funds, wall street trading desks were following right behind them, putting money--sovereign wealth funds were putting money in the futures markets as well. so you had all these investors putting money in the futures markets, and that was driving the price up. >> in a five-year period, masters said the amount of money institutional investors, hedge funds, and the big wall street banks had placed in the commodities markets went from $13 billion to $300 billion. in 2008, 27 barrels of crude were being traded every day on the new york mercantile exchange for every one barrel of oil that was actually being consumed in the united states. >> we talked to the largest physical trader of crude oil, and they told us that compared to the size of the investment inflows--and, remember, this is the largest physical crude oil trader in the united states-- they say that we are basically a flea on an elephant, that that's how big these flows were. >> y
CNBC
Nov 23, 2012 12:00pm EST
, jane wells at a best buy in canoga park, california. what's the traffic look like this? >> that's right, bill, i sure am. it opened at midnight. a bit of at lovell, bum then at 10:00 a.m. it really started to pop. i've got speaking with aroundists, retailer, whether it's mavs. pretty good. make not agrees the overial sales are expected. and some early aggravations, most have appeared to have pushed those frustration aside. the majority of people who got here were the full-time employees. but a very good response. >> they were planned leading up to -- but walmart ceo says that actually only 26 protests occurred. many didn't even include walmart employees. and in fact he set -- they missed that scheduled shift. matt values thinks that macy's is the clear winner. i have to say i've seen an automatic lot of macy's backs myself. i'm happy that the leap pad 2 is very hard to find the. >> they won't get any more in? >> they will, but probably not day is the probably. so the inventory they probably out. >> courtney reagan, thank. >>> hoping that holiday sales -- as we manipulationed jane wells
CNBC
Nov 3, 2012 4:00am EDT
. start with the website of the stock. daryl in california, please. >> caller: booyah, jim cramer. i have a question what is meant by a reverse split stock? >> that means if there's a million shares let's say they do a three to one, make to it 300,000 shares. what is typically done, citi group did one of these. what it does, if you have like 300 billion shares you divide it by three, you got 100 billion. it does raise the price but it's illusory. you just have fewer shares. tyler in florida. >> caller: jim i'm going to give you a south florida booyah. >> i'll take that. i need to go there now always >> caller: sun is shining. actually it's overcast. but quick question for you. when you talk about the economy really booting off again it seems like you talk about it in terms of consuming and not producing. i'm thinking from the way i think about it you need something to be produced before it's consumed. i'm wondering why in terms of a growing economy you talk about consumption instead of production. that's what it seems like to me. >> i do. because in order to be able to raise price you nee
CNBC
Nov 12, 2012 5:00pm EST
it went past california. it is soon going to go past texas and they rp only getting started. i think they are only just beginning. i think the iea was way too long in the anticipation. >> traders are saying if we get there as quickly as you say that doesn't mean a good story for the u.s. consumer as we are seeing with what is happening with gas prices. until we see new refineries and the infrastructure to go along with the drilling we can produce all the oil we want. >> that's the big question. we need to be an exporter of crude oil because we don't have the refining capabilities. we could be an exporter of crude and natural gas because we don't have the ability to refine the crude oil. >> are you saying to be energy independent we need a major shift in natural gas usage? >> it is liquids. in canada you have the deep water drilling in the gulf. it is all of north america. these guys said we are talking from somewhere around 11 million barrels a day by 2010 they will add another 15 million barrels a day by 2020. i think it happens much faster, too. this is absolutely fact. >> do you p
CNBC
Nov 5, 2012 11:00pm EST
with the refiners. bp decided to sell off two of its refiners. one in texas city and the other in carson, california. historically, i haven't been a big fan of the refiner business. lately the dynamics of the industry have changed dramatically for the better. we've got an oil boom going on in this country and that's been great for the refiners because they make their money off the difference between the domestic west texas price that they pay for oil, sometimes even underneath that, and the higher global brent crude price they use to charge for refined products. that's the benchmark they price off of. right now the spread is higher than it's been in ages. great for refiners. which refiners have benefitted from bp's desperate need to raise cash? first there's marathon pete, marathon petroleum. symbol mpc. mom, peter, charlie. agreed to buy bp texas city for $2.5 billion back in october. this deal should have tremendous synergies because marathon pete already operates in this area. bp had spent $5 billion refurbishing this refinery just seven years ago. now marathon can buy it for half of that cost? w
CNBC
Nov 18, 2012 11:00pm EST
short, we spent two days debriefing lewis at his home in california. >> this was an episode where capitalism was almost destroyed just by the capitalists. and in the most sensational way, they were sort of destroyed by their own folly. >> what happened? >> the incentives for people on wall street got so screwed up that the people who worked there became blinded to their own long-term interests, and--because the short-term interests were so overpowering. and so they behaved in ways that were antithetical to their own long-term interests. >> michael lewis, a one-time wonder boy on wall street, is ensconced in this hillside compound in berkeley, california, which has a main house and three cottages, and he is much happier writing about business than actually conducting it. he lives here with his wife, former mtv news correspondent tabitha soren, and their three children: a three-year-old son and two young daughters who he takes to all of cal berkley's women's basketball games. it's one of the few breaks that lewis allowed himself over the past 18 months as he dug into the idiocy and
CNBC
Nov 20, 2012 9:00pm EST
're finding them now throughout california, maryland, chicago, miami, new york. >> if this is happening all over the country, why do so few people know about it? >> when you talk about shoplifting, not a lot of people think about organized crime. most people think when you say shoplifting, it's the opportunistic shoplifter. >> winona ryder. >> winona ryder. there you go. that's kind of how people look at shoplifting. nobody really talks about the fact that, jeez, it's really organized, it's big business, and it's high loss to retailers. that's all part of the group, right-- >> matsamato says the south americans usually work in small groups, relying on distraction, advanced planning, and precision teamwork. one or two people occupy the sales staff while others go to work. it doesn't take them long. watch these two. they're about to steal $3,000 worth of armani suits in just ten seconds using some specially designed equipment. >> he's gonna roll it up. now, here's a booster girl right here. this is a great example of how we talked about, how it's elastic. very quick. notice how quick this can
CNBC
Nov 26, 2012 7:00pm EST
'm not hearing any such thing. >> and you won't. i live in california. we just now passed a measure that raise the state income taxes to 13.3%, the highest in the nation, and the president of the l.a. city council is going back to the voters and asking for another increase in sales tax. it's never enough. the left never gets enough taxes. we spend more on k-12 than any other country and ask any teacher, educrat if they want more money and they will say less. it's never enough for the left. >> well, you know, larry, i don't know which larry i'm talking about, the fiscal deliver, the whole discussion about the fiscal cliff to me is a farce and the reason why is because it's based on this notion that somehow too much deficit reduction is a bad thing. you can't have it both ways. you can't say you want to reduce the deficit and that's a priority and on the other hand we have a fiscal cliff that would reduce the deficit and you're opposed to that because you -- you don't want to increase taxes. >> i want to reduce the deficit. you're absolutely wrong. i want to reduce the deficit j why are you afra
CNBC
Nov 29, 2012 3:00pm EST
that's where we're going. >> you're from california, correct? >> i live there, yes. >> doesn't make you a bad person. >> i'm from buffalo too. >> it explains why he's stylish, right? well, i live in california. we voted to raise income taxes and sales taxes. california is, what, one-seventh of the u.s. economy. >> jerry browne's miracle. >> i'm going to get a bill as well as every other californian asking for money. >> what is your point? >> that will have a negative impact on the california economy and on the u.s. economy. so ron is right. there are parts of the u.s. economy are certainly improving, but there are other parts that have not yet felt a vice that's squeezing on them. >> all right. we got to go. the bell is going to ring shortly, i feel like. we got to go. thank you, everybody. appreciate it. we are heading toward the close and, really, the market is where it was before all the rhetoric came out on the cliff. the dow up 32 points right how it. >> we've heard some democrats made maye be willing to dive off that fiscal cliff. our next guest certainly is not following suit. fi
CNBC
Nov 1, 2012 6:00am EDT
and barack obama according to the polls is going to win california and as he should. there are a lot of supporters. he's a great individual, but i think at the margin when people are focused on small business and growth and opportunities for small business entrepreneurs and reducing regulation i think people do think about different options. >> do you worry about regulation in the tech sector? one of its last industries that probably doesn't have nearly the same regulation as many of the other industries. >> as i sit here today, i don't worry about it, but one of the things i worry about is, one of the areas of investment we're excited about spending more time on is what i call the asset light generation and if you look at the fact that you can walk out your apartment door in the morning, with your smartphone and your tablet, and you've got, in effect have cash on your phone, your media library on the phone, you can get news and information, a taxi, all sorts of things, a hotel room, i think one of the things i worry about is the regulation of some of these companies that are putting
CNBC
Nov 13, 2012 6:00pm EST
broadcom which is going to thi be pulled down. i need to go to dave in california. >> booyah from sunny california. >> i'm into high yield dividends and paying stocks. >> we like that one very much. he has a 5% yield. you don't get as much in return. i got to tell you, i think that stock is real good. let's go to will in new york. will? >> how you doing? >> real good, how about you there, chief? >> not too bad. i want to ask you about -- it released earnings last week. wal-mart says it sells great in stores. it is getting nothing but good press. the market beats the stock up. but could the stock be in for a second wave? >> first of all, it hasn't been concussed yet. second it is not a major league stock. it is the wrong stock for thissthi thiss thissenvironment. >> susan. >> how do you feel about exel? >> i like it. and by the way, another one of -- another one of our specks, nice move today. remember, i am in favor of speculation and in one small piece of your portfolio. and that is the conclusion of the lightening round. ld him two things -- cook what you love, and save your money. jo
CNBC
Nov 22, 2012 3:00pm EST
else altogether. >> what's the average waiting time for someone in california waiting for a liver transplant? >> it's probably realistically three years, and it could be much longer. >> not for tadamasa goto, who got a liver in just six weeks. california attorney larry eisenberg finds that surprising, especially since goto was number 80 on the waiting list. >> it should not be possible that an unsavory character from out of the country with ties to organized crime comes into the united states and gets a priority and obtains a transplant. >> these two families, eisenberg's clients, both lost loved ones waiting for livers at another transplant center in the same area. salvador ceja was number two on the waiting list. john rader was number five. do you think, for one second, that this was legitimate, that they stood in line and waited just like your husband did? >> absolutely not. >> no? >> absolutely not. no, because nobody gets a liver that quickly. >> i think they were playing god. now i think they were picking and choosing whoever they wanted to give a liver to. >> so in your min
CNBC
Nov 23, 2012 1:00pm EST
't we? we ask, they perform. thank you very much. >>> from california to florida, walmart workers have been staging protests at various locations across the country. but, is that keeping shoppers away? we'll go live to a walmart store in maryland for the latest action on that. >>> plus, we'll tell you six ways to find the best deals out there. all it takes is your fingers and a mobile device. >>> up next -- fiscal cliff getting closer and closer every single day. one member of our panel says there is no way the lawmakers will hash out a deal by the end of the year. what does that mean for stocks? stick around to find out. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> the mark
CNBC
Nov 8, 2012 4:00pm EST
because of some of the investments we've made as well. notably california adventure here at disney land in california. we feel good about what we're seeing. there's demand for that product. it's showing up in our pricing and showing up in our advanced bookings. >> how are the advanced bookings looking for the holiday season? >> advanced bookings for the holiday season are looking good. there's a quirk in the calendar. christmas falls on a tuesday. so some of our peak season will also fall into our next quarter because of how the quarter breaks. our bookings for the christmas period overall, which include some spillover into the next quarter, we feel very good about. that's certainly true in california. it's true in florida. it's true in paris. >> bob, the last time we talked, you seemed passionate about the need to fix our debt as a country. i wonder what your take is on president obama winning re-election. does that change anything for the company, for the industry? in terms of this fiscal cliff, everybody is expecting taxes to go higher. we're not sure how high on dividends and capita
CNBC
Nov 30, 2012 6:00pm EST
in california. ramon >> caller: hey, jim, boo ya, baby, calling you from riverside county but born and raised in the san fernando valley. i'm a frequent watcher, jim. thank you for all that you do. >> thank you for that. that is a -- go ahead >> caller: my question is with the recent news of a possible takeover on walter energy, what is your stance, sir, on the possible buy on the stock. >> i cannot recommend anyone buying stock on a takeover basis when i think the fundamentals are not going the right way. the fundamentals are not going the right way. let's go back to florida. bart in florida. bart. >> caller: yes, jim, i really enjoy your program. i see where the earnings on tether pharmaceuticals has been reduced. i wonder what you think the future of the stock looks like. >> sunshine that stock was down about 1.70 when that news came out between 7:30 and quarter of 8 and it rallied hard. to up 13 cents. my take is this. i don't like it. i think it can go to 42. and then sell sell sell. okay. keep an eye on sunday's "meet the press" for yours truly. of course treasure secretary geithner to
CNBC
Nov 2, 2012 1:00pm EDT
. >>> we're going to run you through with some video. help on the way from the west coast, from california. dozens of power trucks loaded on to giant air force cargo planes to help with power restoration. those things amazingly flying across the country all the way from california. the situation remains desperate in many neighborhoods in the tri-state area. these are pictures from this morning on staten island. there is virtually no power on the island. destruction is widespread. the secretary of homeland security janet napolitano will visit today. staten island is where the new york marathon will start on sunday. more subway service returning to manhattan, but not below 42nd street where power is still out in wide parts of the city south of that parallel. city officials say they may have to evacuate the marine life from the massive new york city aquarium based in brooklyn. the death toll from the storm nearing the 100 mark. despite the damage in atlantic city, that town's famous casinos are open again and they are conflicting reports about when power will be restored in manhattan. hundred
CNBC
Nov 2, 2012 6:00pm EDT
. start with the web site of the stock. dal in california, please. >> caller: booyah,jim cramer. i have a question what is meant by a reverse split stock? >> of the that means if there's a million shares let's say they do a three to one, make to it 300,000 shares. what is typically done, citi group did one of these. what it does, if you have like 300 billion shares you divide it by three, you got 100 billion. it does raise the price but it's illusory. you just have fewer shares. tyler in florida. >> caller: jim i'm going to give you a south florida booyah. >> i'll take that. i need to go there now always >> caller: sun is shining. actually it's overcast. but quick question for you. when you talk about the economy really booting off again it seems like you talk about it in terms of consuming and not producing. i'm thinking from the way i think about it you need something to be produced before it's consumed. i'm wondering why in terms of a growing economy you talk about consumption instead of production. that's what it seems like to me. >> i do. because in order to be able to raise price
CNBC
Nov 9, 2012 5:00pm EST
. >> california voted in the tax increase. you have a lot of wealthy individuals. i carry american express card. does that effect my spending? yes, it does. >> let's bottom line this all. >> as the old addage would say don't leave home without it dan's put spread limitt suggests $125 and offers a four to one payout. moving on to the next trade call it the battle of the big box retailers wal-mart and home depot report earnings next week. this comes amid a massive storm here in the northeast. how should you repay? let's call to the charts. we are speaking about carter braxtonworth. >> take a look at a few charts home depot a great winner. almost suspiciously so. when you are at the top or bottom of the channel you want to feed it for a move in the opposite direction. a long term chart. this is home depot now relative to not only where it was at the height of the housing bubble in '06 but where it was when it was at the top of the tech bubble in the dot com era. the original chart we were looking at the two-year chart. this is relative to wal-mart. take a look at the long-term chart since home dep
CNBC
Nov 5, 2012 6:00pm EST
a deal. then back in august, they announced it would buy bp's carson, california, refinery. also get some related logistics, 2.5 billion. property is located right next to the other refineries. are little investment, they could be combined into a single facility which would save a bundle. what other oil patch vultures have swooped in to pick off pieces? there have been a bunch of master limited projects to do some opportunistic buying. take line energy. back in february bought $1.2 billion of oil energies in kansas. and then in june, they announced that it will buy another billion dollars worth of assets in wyoming. these are both terrific purchases that should allow them to boost the distribution. if you're a regular investor, the best way to play in an i.r.a. is line co. bp also sold off its canadian business to paa back in 2011. so far the deal has been work out very nicely and that gives you a juicy 4.8% yield and barely more than a point off. last but not least, the exploration and production companies that have bought up oil and gas. way back in july of 2010, when the mccondo disast
CNBC
Nov 28, 2012 9:00am EST
california, austin, oregon, where sustainability is part of the real culture and the thread of the way people live. when you look at the spark and you look at what the performance of a car is, we haven't announced the final range because we're not done certifying it but it will be one of the largest range vehicles and torque is more than a ferrari. >> but the skeptic will look at this and say not that you're supposed to comment on the leaf from a competitor standpoint but you look at the leaf and others and people say is there a market for electric vehicles in the u.s.? >> i think we're doing about 3,000 volts here every month. and that's been growing here pretty steadily. i think if you look at the economy and what we've been through over the last few years and affordability of that, it's hard to know exactly what those markets really are going to be when we get equalization here from a growth standpoint in the economy. the bottom line is that we can save a lot of fuel consumption. we have a place like california and los angeles in an urban environment where spark makes a huge amount of sens
CNBC
Nov 23, 2012 6:00am EST
, ross. >>> coming up, we've got a live report coming from best buy in california. the struggling electronics chain posting a significant decline in the third quarter. but there is good news. they have lines of people coming camping out at some locations since sunday. jane wells has been up all night hanging on out with some shoppers. i know this isn't too early for you. you're always up at this hour. >> no, i actually, you know, this is about the time i start wrapping it up for the day. i'm with noah and sabastian. what did you get? >> speed for speed most wanted. >> i got gummy bears and the and i would exact thing he did. >> you were here at 3:17 to buy video games and gummy bears. >> got to fulfill our need for speed. >> well, fortunately other people are spending a few more bucks. nobody needs black friday more than best buy to go well. we'll have part of their turnaround strategy when we come back. let's have some gummy bears. customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (t
CNBC
Nov 20, 2012 3:00pm EST
on this long. >> california public employees. new york state teachers retirement. california state teachers employees. all these pension funds. >> shame on them for hanging on this long. >> this just happens. >> i understand. the stock is at a ten-year low right now. bob, thank you. good sport. appreciate your thoughts on this today. herb, see you later. i don't know. >> i got all fired up there, bill. >> why are we rushing to blame somebody? we have to figure out what happened. >> okay. 20 minutes before the closing bell sounds. we have a market down, but off of the lows. down 25 points on the industrial average. >> still more on the hewlett-packard debacle to come. can the company be saved? that's another question to be asked. is a breakup better for shareholde shareholders? >> first, find out why our next guest says you should be buying into this market regardless of whether we get a deal on the fiscal cliff. that bullish call next up. stay with us. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men wit
CNBC
Nov 21, 2012 7:00pm EST
california has done? do you know what after tax rate of return on assets held in california is happened? it just plummeted. that's a very large share of the u.s. economy. we're noncompetitive in the world and we will have a real serious recession in 2013 unless something is really done quickly. >> jared, i just want to ask you a question. >> sure. >> you hinted -- this is really important. where we are going tonight is more politics than economics. >> okay. >> you kind of hinted that we might cross through the year, that we might fall off the cliff. if only for a short period of time. now as someone who worked in there years ago as arthur did, short period of time, you will take the better part of the winterer to make a deal. so we are going to go into recession. the question is, do you think the president can take that and do you think he can really blame republicans? is it that easy, or is all hell going to break loose in the country? >> i think it will be absolutely terrible if we go over and stay over the cliff long enough for recession. i don't care who blames whom but i will blame
CNBC
Nov 13, 2012 5:00pm EST
a california car. and we're going to cast the petraeus movie, tim seymour apparently angling for the shirtless fbi agent. we'll have that after the break. ♪ ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd#: 1-800-345-2550 with a $50,000 deposit. tdd#: 1-800-345-2550 call 1-866-294-5411. >>> from mobile devices to medical marijuana we've got you covered in the west coast wrap.
CNBC
Nov 8, 2012 11:00pm EST
this gigantic 29 restaurants out of bankruptcy in minnesota and california, putting a lot of money in those. is that a new way for you to be able to grow quicker? >> you know, that's a very exciting acquisition. just approved in bankruptcy court last night. it will give us a footprint in minneapolis and northern california. we could not be more excited about this growth opportunity. and i think it's just a great example of how intentional and ambitious we are to grow our footprint. >> i think you're doing a terrific job. it's the best performer in the group. thank you so much to the ceo of afc enterprises, better known as popeye's but it is a great stock in a category where you might be looking for one. stay with cramer. >> coming up, you are ready to get charged up? cramer cranks up the voltage and goes electric on an all new hyperactive "lightning round." >>> and later, sour apple? it's the most valuable tech company in the world and its products have changed the course of consumer electronics. so why is this stock taking a dive? and is now the time to get in? cramer has answers. don't mi
CNBC
Nov 12, 2012 11:00pm EST
in california right now. ron? >> caller: big boo-yah, too you, jim from south orange county, california. >> man, i love south orange county. i love the university system down there, too. i like irvine. >> caller: before i get started, i just want to say that we're thinking about you and your family and for that matter everybody in the studio audience and their family, hope everybody came out okay in that horrible storm. >> we got lucky. others are not. i know they appreciate your thoughts. thank you. >> caller: you're quite welcome. my question is pertaining to the chinese economic situation. what do you feel would be a better buy either las vegas sands or wynn resorts? >> i think that steve wynn is a winner. i don't say that to be, you know, glib. i think you want to own wynn here. i say that if it got to the mid 100s you got to pull the trigger. i can't back away now. steve in connecticut? >> caller: looking at u.s. domestic play, you did a segment in june, stock rallied and then reported earnings on october 24th, it seemed like the earnings were great. great guidance. but it took a 9.5% beat
CNBC
Nov 16, 2012 1:00pm EST
is a democrat. he joins us from california. welcome to the program, sir. we watched the four leaders come out. there seemed to be a sort of optimism. do you agree with what harry reid suggested, that we could have a deal before december 31? >> yes, i do. i think not only could we, but we have to. we have to come to agreement on this. it is not something that can be solved by either party acting alone. we need to reach a reasonable compromise that will reflect a shared sacrifice. my hope though, simon, is that it is not an agreement to kick the can down the road, it is not an agreement to agree later. we really ought to resolve as many of these questions as we can now because we've been kick being the can down the road for a long time and i think that's very unhelpful to business, very unhelpful for families that want a to plan their economic future. so i'm hoping that it's more than an agreement on a framework. >> so already on the table from the republican side on the net we have the idea being floated that maybe for the rich, sharp cuts deductions they're able to make, a hiking capital gain
CNBC
Nov 19, 2012 1:00pm EST
employment. so does california. is it because of sometimes it's military? it's just that they're big states and there happen to be a lot of federal jobs there. also virginia, sort of a purple state. florida comes in relatively high. so michelle, what we have here is a situation where the sequestration was designed to create a lot of political pain across the country but it is going to be unevenly spread out. for example in california, very high unemployment. they could get hit for example with more federal job cuts in addition to their high unemployment rates. >> great analysis, steve. thanks for that deep down dive into the data. >>> america's ceos are calling for action on the fiscal cliff. precisely what you saw from steve. among them leaders of boeing, weyerhaeuser. joining us on the phone, representative adam smith, a democrat from the ninth district of washington. representative smith, thanks for joining us. i can't think of a better name for a guest on cnbc. >> people are always disappointed that i don't know a lot more about economics than i actually do. but at least it is good to h
CNBC
Nov 20, 2012 1:00pm EST
serious about fixing the fundamental problem the united states faces. >> we are almost california. our did the 100% of gdp, running 1 trillion deficits. gets get a balanced budget into the system. >> right. >> we have got our own greece here, it's callinged california. look what's happening there. >> right. >> let's talk a little bit about -- more specifically about education. i know you are passionate about stem education specifically. if you had to sort of highlight one thing that you think would do the most to improve education performance in this country, would it be charter schools, the use of vouchers and competition, something different than either of those? >> yeah, it would be all three of those. charter schools and vouchers are a great form of competition to shaken the existing you mon nolism you really need to shaken the monopoly, it's run 50 or 60 years now with no improvement whatsoever while the rest of the world has shown dramatic improvement in education. off great program going on called the common core, 46 states have signed for increase the curriculum capability and rigo
CNBC
Nov 21, 2012 6:00pm EST
-term returns. david in california, david? >> caller: hi, jim. like your show. >> thank you, david. thank you for calling in. >> caller: you frequently comment about make listening to conference calls. you're probably at the institutional level. can the ordinary individual gain access even in the listen only so they can listen to the analyst questions as well as management's response? >> a lot of times they'll let you do that. but it doesn't matter. you don't need it in realtime. you can go get the transcript. that's the way i do it. sometimes i like to do it in realtime, but i do the transcript on the way home. go over the transcript at night. and the transcripts are readily available everywhere. you can stop -- that's the important thing -- you stop and think. you can't do that when you're listening to it live. long-term investing involves not only an ira, but knowing which ones to put in. reinvest, build up over time. avoid the taxes by simply making sure you make the contributions every year. stick with cramer. >>> taking control of your financial destiny is smart. but why would you go it
CNBC
Nov 28, 2012 1:00pm EST
leader nancy pelosi's home state of california. >> reporter: hi, sue. nancy pelosi is a crucial part of the discussion to avoid the fiscal cliff, representing one of the most liberal and successful cities in america. what do folks back home in san francisco expect her to do to avoid what some say will be an economic catastrophe. for nearly 20 years, kurt has been serving up breakfast at dottie's true blue diner. running a small business, especially a restaurant, is not for the weak. so he wonders why washington can't get its act together. >> if i ran my business the way the government is run, i wouldn't be in business. he's a constituent of one of the most powerful people in washington, nancy pelosi. here's a news flash. not everybody in america believes economic armageddon is at hand. not even former mayor gavin newsom, california's lieutenant governor. >> i don't know why i'm not losing sleep over it. i think there are good people on both sides of the aisle that they're mature enough to get something done. >> kurt agrees when i asked if he was preparing for the fiscal cliff. he ans
CNBC
Nov 30, 2012 1:00pm EST
vegas, parts of california, and even in florida. another concern is that prices overall are rising faster than income growth and that does not bode well for non-investors either. this phenomenon is playing out largely in those formerly very hot markets that crash the hardest. there are still some great deals for investors in places like chicago, atlanta, even right here in d.c. before you take me off, i got one thing. someone wrote in to the blog today really right down the line of what we're saying. he says people are buying homes out here in new orleans stupid fast. but the problem is they're investors and they're renting them all out. >> very good point. diana, thanks. good to see you. ty, down to you. >>> the german parliament approved a new bailout package for greece. meanwhile, unemployment hits a record high in the eurozone but european central bank chief mario draghi expects the economy to recover in that area in the latter half of next year. so what's ahead for debt stricken greece and the eurozone members? joining me here at the new york stock exchange, constantine mikalo
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